DUBLIN

The Global Carbon Capture and Storage market is expected to grow from
$2.253 billion in 2016 to reach $4.205 billion by 2022 with a CAGR of
10.9%.

Rising demand for CO2-EOR new techniques, increasing number
of environmental issues are propelling the market growth. However, huge
initial cost required in implementing carbon capture technologies and
strict regulations are some of the factors hindering the market growth.

Based on the end user segment, power and oil and gas segment leads the
market globally and the growth of this segment is attributed to rising
focus of emerging countries in minimizing CO2 emissions
during power generation. On the other hand, in application segment
enhanced oil recovery (EOR) process is expected to grow with a high CAGR
during the forecast period. The growth of this segment is rising as CO2
is widely used in oil and gas companies to reduce gas pressure. North
America leads the market globally due to the growing number of oilfields
in this region.

OTIC Feb. 23, 2018 – Dallas

EnerCom 360 Magazine

Improvements in rigs, rapid pace for pad drilling, more pumping horsepower and higher efficiencies boost effective rig count to 2,495 rigs EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins. The Effective Rig Count continues to rise, and is now approaching 2,500. There are currently 2,495 effective rigs in the U.S.,[Read More…]